Federated Kaufmann Correlations

FKKSX Fund  USD 43.63  0.10  0.23%   
The current 90-days correlation between Federated Kaufmann Small and Federated Global Allocation is 0.01 (i.e., Significant diversification). The correlation of Federated Kaufmann is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Kaufmann Correlation With Market

Good diversification

The correlation between Federated Kaufmann Small and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Kaufmann Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Kaufmann Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Federated Mutual Fund

  0.85QKACX Federated Mdt AllPairCorr
  0.65QKBGX Federated Mdt BalancedPairCorr
  0.61FSBCX Federated Global AllPairCorr
  0.93QLSGX Federated Mdt SmallPairCorr
  0.94QLSCX Federated Mdt SmallPairCorr

Moving against Federated Mutual Fund

  0.72FSGVX Federated U SPairCorr
  0.72FSGIX Federated Gov SecPairCorr
  0.67FSTIX Federated Short TermPairCorr
  0.67FSTYX Federated Short TermPairCorr
  0.67FTIAX Federated Short TermPairCorr
  0.66FSILX Federated Short TermPairCorr
  0.64INISX Federated IntermediatePairCorr
  0.49FRIEX Federated Hermes EmergingPairCorr
  0.49FSHSX Federated Short-intermediaPairCorr
  0.48PIEFX Pnc Emerging MarketsPairCorr
  0.45EMDIX Federated Emerging MarketPairCorr
  0.45FSHIX Federated Short-intermediaPairCorr
  0.44STIAX Federated StrategicPairCorr
  0.43STFSX Federated StrategicPairCorr
  0.42STILX Federated StrategicPairCorr
  0.42STISX Federated StrategicPairCorr
  0.42SVALX Federated Strategic ValuePairCorr
  0.93BEARX Federated Prudent BearPairCorr
  0.69FCBRX Federated HermesPairCorr
  0.69FULBX Federated Ultrashort BondPairCorr
  0.69FUSGX Federated Fund ForPairCorr
  0.68FTGLX Federated Total ReturnPairCorr
  0.68FTGSX Federated Total ReturnPairCorr
  0.68FTRGX Federated Total ReturnPairCorr
  0.68FULAX Federated Ultrashort BondPairCorr
  0.68FULLX Federated Hermes UltPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FIGKXFTRKX
QKACXFMXKX
QKACXFSBKX
FMXKXFSBKX
FTRKXFSBKX
  
High negative correlations   
FIGKXFMXKX
FMXKXFTRKX
QKACXFIGKX
QKACXFTRKX
FIGKXFSBKX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Kaufmann Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Kaufmann's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.